China Dominates Global Gourmet Powder Production, Says CRI in Its New Research Report Recently Added at MarketPublishers.com01 Feb 2017 • by Natalie Aster
LONDON – Gourmet is a kind of condiment, which is mainly made of glutamic acid and used to enhance the flavor of food. It is especially popular in sauces and soup in East Asia cuisine.
With steady development of China’s economy, the living conditions of local people are improving, thus, consumers eat out and buy processed food more frequently. The robust growth of the country’s catering and food processing industries propels the consumption of industrial and catering gourmet powder.
However, substitution effect of condiments increases following the enhancing trend of consumption upgrading in the recent years, which leads to a decline of demand for gourmet powder in catering industry as well as households. Meantime, the demand for condiments like chicken essence and soy sauce increases at a fast pace, thus, driving the demand for gourmet powder in food processing industry.
Overall, the demand for gourmet powder in China keeps at a stable level. During 2011-2016, the annual country’s demand remained around 2 million tons.
Furthermore, China currently ranks the top producer of gourmet powder in the world.
New research report “Overview of Gourmet Powder Industry in China, 2017-2021” prepared by China Research & Intelligence Co. (CRI) highlights the current landscape in the Chinese market for gourmet powder and also gives access to trustworthy updated statistics on the domestic gourmet powder production, consumption, foreign trade and prices.
This research study explores the development environment of gourmet powder market in China, delves deep into competitive landscape, uncovers data on the 5 leading manufacturers active in the country’s market as well as contains a detailed analysis of the major factors influencing the market development. The report points out the top challenges faced by the market players and identifies the most lucrative business opportunities. In addition, future forecasts for the Chinese gourmet powder market through 2021 are offered in this publication.
For other research reports by CRI, follow to the publisher’s page at MarketPublishers.com.c